Coverage of the Singapore International Reinsurance Conference
Franz Josef Hahn, CEO, Peak Re, said mutual and cooperative insurers have a strong presence in the U.S. and Europe, and are an emerging force in China.
Milan Simic, director for international operations, AIR Worldwide, said the modeler is focusing on how risk such as cyber exposures play into other issues and create wider exposures.
Yasunori Araga, Japan President and Representative Director, RMS, said the modeler is focusing on upgrading flood, earthquake and related models to better reflect Japan's catastrophic risks.
Daniel Ryan, Managing Director and Head Insurance Risk Research, Swiss Re Institute, said the explosive growth of sensor technology means that insurers and reinsurers will increasingly be in the business of detecting and preventing risk.
Christie Lee, director of analytics, A.M. Best, said insurers in Japan are dealing with catastrophes, insurers in Korea are dealing with regulatory and accounting changes, and insurers in China are wrestling with tight underwriting margins.
